SINGAPORE - Media OutReach - 8 October
2019 - Union Bank of the Philippines (UnionBank), with its vision of
transforming into "A technology company, also a bank," recently made waves as
its top executives won big at the Singapore Fintech Awards 2019.

UnionBank Chairman Justo A. Ortiz and Senior
Vice-President and Fintech Business Group Head Arvie de Vera each won the Asia
Fintech Leaders Award which recognizes remarkable leaders across the region for
their continuing commitment to excellence, developing best practices and
pursuing innovative strategies.

The Awards aims to highlight those across
Asia who have made extraordinary contributions to the fintech industry's
meteoric rise on the global stage. Indeed, Ortiz and de Vera have been making
strides globally, advocating for smart banking as a way to realize the bank's
purpose of elevating lives, fulfilling dreams and enabling communities.

The Awards were hosted by the Singapore
Fintech Association, while the rigorous judging process was helmed by none
other than PwC Singapore.

The winners were announced at a Gala Night
graced by Ravi Menon, Managing Director of the Monetary Authority of Singapore
(MAS) and Minister Ng Chee Meng, Secretary-General of the National Trades Union
Congress (NTUC) of Singapore.

In addition, UnionBank also won, for the
third year in a row, the Best Digital Bank -- Philippines award at the Asiamoney
Best Bank Awards 2019 in Singapore on September 25. Asiamoney also identified
UnionBank as one of 30 financial institutions to watch out for in Asia, and
among 5 on its radar for digital banking.

In awarding the
bank for the third year straight, Asiamoney considered the long list of
innovative initiatives UnionBank is pursuing, some of which include the first
fully digital branch The Ark, a tokenized fiat cross-border transaction pilot
from OCBC Bank in Singapore to a rural bank in the Philippines, and the
country's first central bank-compliant two-way virtual currency ATM among many
others.